Global Top 4 Companies Accounted for 70% of total Flywheel Energy Storage Systems market (Business Opportunities - Marketing & Sales)

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Global Top 4 Companies Accounted for 70% of total Flywheel Energy Storage Systems market


Flywheel energy storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. When energy is extracted from the system, the flywheel's rotational speed is reduced as a consequence of the principle of conservation of energy; adding energy to the system correspondingly results in an increase in the speed of the flywheel.
Most FES systems use electricity to accelerate and decelerate the flywheel, but devices that directly use mechanical energy are being developed.
The global key manufacturers of Flywheel Energy Storage Systems include Piller, Calnetix Technologies, ABB, PUNCH Flybrid, POWERTHRU, etc. In 2020, the global top four players had a share approximately 70.0% in terms of revenue.

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Last Update : 15 May 2024 3:30 AM
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2024-06-02 (0.253 sec)